Multifamily · Memphis, Tennessee
Ventura Apartments
Ventura Apartments is financed with a $13.7M CMBS loan at 7.119% that reaches maturity on September 1, 2029, in 2 years and 10 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is late, less than 30 days.
The loan
- Balance in tracked trusts
- $13,650,000
- Original balance (same notes)
- $13,650,000
- Interest rate
- 7.119% fixed
- Originated
- August 5, 2024
- Maturity
- September 1, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- February 28, 2029
- Master servicer
- Wells Fargo Bank, NA
- Originator
- Bank of America, N.A.
Status
- Payment status
- Late payment but less than 30 days delinquent (code B)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 4505 Wooddale Avenue, Memphis, TN 38118
- Metro
- Memphis, TN-MS-AR
- Units, rooms or beds
- 166
- Built
- 1975, renovated 2023
- Value at securitization
- $21.5M (Jul 2024)
Performance
| At securitization | Latest (Sep 2025) | |
|---|---|---|
| DSCR (NOI) | 1.38x | 1.25x |
| Occupancy | 95% | 93% |
| Net operating income (annualized from 9 months) | $1.4M | $1.2M |
| Debt yield | 9.1% |
Debt yield here is the latest NOI divided by the balance held in the trusts below. If part of the loan sits outside them, the true figure is lower.
Watch flags
Computed from the BANK5 2024-5YR12 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
None this month. No flag in the cmbs.news screen applies to this loan.
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
What the filing shows
- Net operating income is 9% below the underwritten figure ($1.2M a year against $1.4M; the latest statement covers 9 months, annualized).
- Debt service coverage moved from 1.38x at securitization to 1.25x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $13.7M | Late payment but less than 30 days delinquent | No | 1.25x | 93% |
| August 2026 | $13.7M | Current | No | 1.25x | 93% |
| July 2026 | $13.7M | Current | No | 1.25x | 93% |
| June 2026 | $13.7M | Current | No | 1.25x | 93% |
| May 2026 | $13.7M | Current | No | 1.25x | 93% |
| April 2026 | $13.7M | Current | No | 1.25x | 93% |
| March 2026 | $13.7M | Current | No | 1.25x | 93% |
| February 2026 | $13.7M | Current | No | 1.25x | 93% |
| January 2026 | $13.7M | Current | No | 1.25x | 93% |
| December 2025 | $13.7M | Current | No | 1.25x | 93% |
| November 2025 | $13.7M | Current | No | 1.26x | 90% |
| October 2025 | $13.7M | Late payment but less than 30 days delinquent | No | 1.26x | 90% |
From each trust's ABS-EE filing for that month. Coverage and occupancy change only when the servicer reports new statements. If one trust holding a piece of the loan skipped a month, that month's balance reads low.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BANK5 2024-5YR12 | 16 | $13,650,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Memphis loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 8400 Winchester | Memphis, TN | Industrial | $27.0M | 7.376% | Aug 2029 | 1.73x | 100% | Current |
| Appling Farms Corporate Park | Memphis, TN | Industrial | $24.2M | 7.05% | Jan 2029 | 1.95x | 99% | Current |
| Country View Apartments | Memphis, TN | Multifamily | $21.5M | 6.71% | Apr 2029 | 1.05x | 54% | Current |
| Homewood Suites Southaven | Southaven, MS | Hotel | $17.6M | 7.765% | Dec 2029 | 1.50x | 94% | Current |
| Jamesbridge Apartments | Memphis, TN | Multifamily | $14.3M | 4.65% | Sep 2029 | n/a | n/a | With the special servicer and 90+ days delinquent |
| Olive Branch Commons | Olive Branch, MS | Retail | $12.2M | 5.33% | May 2029 | n/a | n/a | Current |
| Quail Hollow | Memphis, TN | Office | $10.5M | 4.90% | Jun 2029 | n/a | n/a | Current |
| Number 10 Main Apartments | Memphis, TN | Multifamily | $8.0M | 4.91% | Nov 2029 | 0.99x | 79% | Current |
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending September 11, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.